SergeantPringles
Short

NGAS - 1D - Inside critical area

FX:NGAS   Natural Gas (Henry Hub)
slow upward movement this year so far, with a lot of overlaps. an momentum explosion in on direction or the other might be imminent. shortbreakout would ofc be easier to trade with the apparent clean structure, so at least look out for that.
May 17
Comment: looking good so far. the major trendline has been broken (like shown in the original chart). however, we bounced of a mediocre trendline abit(blue dash), which i wanna see broken before i go short. i highlighted 2 possible tradingapproaches for a TG1 trade. first one is more aggressiv with stopplacement, enables us however to take earlier profit. second gives the market more room to move against us what might safe the trade. entryorders in both cases below the recent lows.

i personally dont think we need to give the market that much room, so i will most stick with the first approach.
TG2s can then go for a retest of this years lows or maybe even shoot for trendcontinuation.
May 18
Trade active: unfolded as planned, so im short now
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